Just over half a century after formal diplomatic relations between Guyana and Mexico were established in 1973, Mexican Ambassador to Guyana Mauricio Vizcaíno–Crespo has announced that bilateral economic relations between the two countries will be further deepened with the establishment of a Guyana-Mexico Chamber of Commerce by the end of this year that will focus on fostering ties between businesses from the two nations by the end of 2024. The Mexican envoy made the announcement on Thursday September 12 at a reception held in Georgetown to celebrate the 214th Anniversary of Mexico’s Independence on August 14, 2021.
The announcement of the establishment of a Guyana-Mexico Chamber likely signals accelerated business/ commercial relations between the two countries at a juncture where Guyana’s petro profile would appear to be contributing to the creation of credentials that positions the country to share the table occupied by the economic giants of the hemisphere.
The year-end timeline for the establishment of a Guyana/Mexico Chamber of Commerce could also be a precursor to a significant breakthrough in business relations between the two
countries, a circumstance that could open the door to bilateral trade agreements that could significantly alter the commercial face of the Guyana economy.
This announcement of the imminent creation of a Guyana-Mexico Chamber of Commerce comes on the heels of the first ever visit to Guyana by a Mexican Trade Mission earlier this year, reportedly to examine avenues for the forging of business partnerships between the two countries at the level of the private sector. The establishment of formal business/commercial links between Guyana and Mexico could precede a significant breakthrough for business to business relations between the two countries at a time when Guyana’s now cemented petro credentials has secured the country a generous measure of attention at the table of the hemispheric economic heavyweights.
At last Thursday’s reception the Mexican Ambassador reportedly waxed warm about what now appears to be the imminent significant creation of a Guyana/Mexico Chamber as a precursor to what now appears to be a definitive move in the direction of enhancing Guyana’s business stature in the hemisphere. The Mexican diplomat reportedly asserted that, over time, “companies and entrepreneurs from both countries have kept discovering each other and finding ideal spaces to do business and generate joint-value,” a development he said had occurred with “the continuous support of the Guyanese Government and institutions.”
In October last year, a number of Mexican companies visited Guyana on what was described as an “inaugural trade mission to examine investment and partnership opportunities here.” “The visit,” according to a News Room report, “allowed for exploring investment and partnership opportunities and facilitated business-to-business meetings with the local private sector,” outside of which the visitors met with several senior government officials.
